Cost of living in Cherry Hill
Cherry Hill, located in New Jersey, is a vibrant community known for its suburban charm and proximity to major urban centers. Understanding the cost of living in Cherry Hill is crucial for both current residents and those considering a move to the area.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $13 and $35.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $80, with prices ranging from $55 to $125.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.5, with a range between $9 and $14.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $8, imported beer $4.89 to $10, cappuccino $2 to $6, and Coke/Pepsi $1.25 to $4.
Grocery Prices
- Milk - Milk is priced between $0.53 and $1.77 per liter, averaging $1.37.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $5.51, with an average price of $3.94.
- Eggs (Dozen) - A dozen eggs range from $2.19 to $6.98, averaging $4.14.
- Fruits (e.g., Apples, Oranges) - Apples cost $2 to $6.61 per kg, while oranges range from $1.65 to $8.82 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.66 and $4.41 per kg, and lettuce costs $1.5 to $3.59 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $6.
- Monthly Pass - A monthly pass for public transport is priced at $180.
- Fuel (Gasoline) - Gasoline is priced between $0.81 and $0.98 per liter.
- Taxi Fares - Taxi fares start at $3, with a cost of $1.55 per km and $22 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1800 to $2300, averaging $2050.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1200 to $2000, averaging $1600.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2400 to $4200, averaging $3300.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1800 to $4000, averaging $2900.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $85 and $300, averaging $118.73.
- Internet - Internet services range from $49 to $100, with an average cost of $70.5.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Cherry Hill offers a balanced cost of living with moderate expenses in dining and housing.
While transportation costs are relatively high, the availability of public transport and proximity to major cities can offset these expenses.
Grocery prices are competitive, providing a range of options for different budgets.
Conclusion
Cherry Hill, NJ, presents a moderate cost of living with its diverse range of expenses across various categories.
The city offers a suburban lifestyle with the convenience of urban amenities, making it an attractive option for families and professionals alike.
Understanding these costs can help residents and newcomers make informed financial decisions and enjoy a comfortable lifestyle in Cherry Hill.